Is it cheaper to buy the Samsung Galaxy S7 outright?

Finder 17 July 2017 NEWS

Samsung's premium phone for 2016 remains a great phone choice, but are you better served buying one outright or opting for a contract term?

The Samsung Galaxy S7 was our favourite phone of 2016, and based on the many plan comparisons done by readers, we weren't alone in that viewpoint.

The Galaxy S7 has since been supplanted by the even nicer Samsung Galaxy S8, but many telcos continue to offer the Galaxy S7 at increasingly more affordable price points.

At the same time, the launch of the Galaxy S8 means that the Galaxy S7 has dropped in price markedly if you want to buy one outright. That makes the comparison between the outright price and contract plan price a particularly interesting one.

Samsung Galaxy S7: Outright options

Officially speaking, at the time of writing, Samsung Australia's pricing for the Galaxy S7 sits at $999. That's $200 less than the Galaxy S8, but we'd strongly argue that if you're dropping one dollar short of a grand on a phone, you may as well go the whole hog and get the newer phone in that case.

The reality, however, is that you really don't have to spend $999 to grab a Galaxy S7 unless you feel a very particular (and peculiar) affinity for the Samsung Store. The street price of the Galaxy S7, especially if you opt to purchase through a direct importer. It's not uncommon to see the Galaxy S7 currently sold for between $600-$700 outright, and that's a pricing trend that is only going to travel in one direction. That kind of pricing also puts the Galaxy S7 into direct competition with Samsung's existing Samsung Galaxy A7 handset, although the S7 is the superior option.

You'll clearly need to partner a Galaxy S7 handset up with some kind of SIM-only plan, although whether you opt to go fully prepaid or on a month-by-month SIM only contract is up to you.

The verdict: Is it worth it?

With rapidly tumbling handset prices, it doesn't make a huge amount of sense to sign up for a Galaxy S7 on contract right now. That's not the case for the S8, where general selling prices remain high, but the S7's dropping price means that if you're keen, your most financially prudent step is to buy a handset outright and match it with a prepaid plan.

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